Your guide: how to sell crypto in Dubai
So you have stashed up some crypto out in the land of Dubai, and you might need to unload some of that capital. If this sounds like you, and you’re trying to figure out the proper way to sell your crypto in Dubai, then you’re in the right place.
Listen, we get it. Transferring money from anywhere, let alone in the cryptocurrency space can be totally confusing.
But if you’re from the US and you want to navigate other countries, this can seem a bit daunting. Whether you’re doing a little bit of research or selling funds, this guide is for you.
Also read: $100 Trillion Market Cap For Cryptocurrency Will Be a Reality: Analyst
Getting the right platform for trading is key
First, you’ll want to find the right platform to begin trading.
This is called a cryptocurrency exchange, and it must be located in Dubai. The platform will help you effortlessly sell your crypto.
Typically, the best cryptocurrency exchanges available in the UAE are Pit Oasis and Kraken.
Also read: Cryptocurrency: Top Meme Coin Gainers to Continue Rallying in May
Can tourists sell crypto in Dubai?
Yes, tourists and locals alike can both exchange Bitcoin for cash in Dubai.
Is it legal to sell Bitcoin in Dubai?
Yes, it is legal, but you must follow a couple of guidelines.
The DMC gave the go-ahead in 2018. Cryptocurrency exchanges and brokers must obtain a license to operate in order to help ensure safe trading.
Why do crypto traders live in Dubai?
Dubai does not levy any tax on crypto gains or personal tax. In short, basically, their progressive regulatory framework helps traders want to live there as a safe harbor.
Does Dubai have bitcoin ATMs
Yes, Dubai supports and embraces cryptocurrency, so of course, this means that they’re going to have Bitcoin ATMs
Conclusion: How to Sell Crypto in Dubai?
In conclusion, selling and cashing out your cryptocurrency in Dubai is straightforward and easy.
If you follow the steps above, this will help ensure that you are ready to go. You have a pretty straightforward and easy process. You just need a platform that’ll help support you.
Happy trading